You may not be aware how many companies on the internet think about niches and use this term to find people who are interested in what they are offering. So, what is a niche? A niche is simply a specific “group within a group”. For instance, parenting is a niche however; this niche can be broken down further. You might break this niche down more into teen parenting, kid parenting, baby parenting, pregnancy, etc.
In niche marketing, companies target their specific groups trying to find groups of people who are willing to spend money on something mainly to enhance pleasure or to solve some sort of problem they are having. It is easier to make money online by targeting a very specific group of people rather then a very broad group of people. Going back to the parenting niche, a company that is selling baby products might look for a high traffic site that specifically caters to parents with babies in order to advertise their product. Their goal is to spend money on advertising to those individuals that would be most likely to spend money on their product. A similar concept is done offline in advertising. You might notice that while watching a kid’s show, the commercials are typically toy or kid’s snack related.
The niche marketing that is done by big companies is just one way that niche marketing is done. These big companies come up with their products first then look for the groups that they are going to sell to. However, niche marketing can be reversed. Individuals who are looking to develop products like affiliate pages, eBooks, websites on specific niches, can first find their niche then develop a product. This type of niche marketing entails finding hot niches then directing those markets to the products or services they’re looking for. For instance, take a person who is highly skilled in Do-It-Yourself projects. This person may have the desire to help individuals with their DIY projects and is looking to create an eBook on a specific topic. They will ask themselves, “What is a niche market that will grab the most attention in order to be successful?” This individual will use niche marketing for this purpose. Do-It-Yourself projects is a niche unto itself however, it can be broken down further into many topics like home repair, simple projects, etc. What is a niche that can be broken down from home repairs? You might find basement waterproofing, saving home energy, etc. Breaking down simple projects further you might find shed plans, cat tree plans, etc.
There are several ways to investigate whether or not a niche is one that others will be interested in buying into like investigating forums and checking sites like Amazon for similar popular products. Since this is niche marketing you are specifically looking for forums and products that are dedicated to that niche and not the general topic that the niche may be included in. Since you might be looking for what is a niche in DIY projects, you will be looking for leaky basement repairs or basement waterproofing not general DIY projects.
It is not hard to find out what is a niche that is hot but is does require some skill. Look for sites that teach this skill and get involved. Many are willing to share their secrets of success with others.